Banknifty future daily chart analysis
Banknifty future of March expiry last closed at 29660 with huge loss. In this week banknifty future was up for 4 days and down for 1 day. Banknifty future is in new territory and we saw strong rally this week from 29300 to almost 30100. On downside support is way down around 28900 level. But 29500 and 29000 are psychological support zones and buying levels with stop loss. On upside this rally might extend up to 31300 on another short covering rally. Below 28900 expect deep correction and consolidation phase.
This week banknifty 29500 call options rallied from 315 to 641 gained by 326 rupees or minted 103% returns. For next week watch banknifty 30500 & 31000 call options of April expiry will remain buy on dips with stop loss.
Banknifty future weekly chart analysis
Banknifty future on weekly chart showing gains for the week. Fifth weekly gains for banknifty futures. This week’s banknifty future rallied from low of 29300 to high of almost 30100 means almost 800 points rally and strong closing for this banking index.
From long term view, banknifty future above 29300 will remain buy and accumulate and on upside target of 31200, which are my second 2019 investment target zones and banknifty hit 29300 target and now watch for 31200 levels.
https://www.youtube.com/watch?v=Qo1IvTKH9SU
For genuine banknifty future tips and banknifty option tips with support and follow ups, subscribe to our F&O advisory services.
Share It
BLOG AUTHOR
Professional Market Trader And Owner Of Dalal Street Winners Advisory And Coaching Services. Working Since 2007 And Online Presence Since 2010. We Provide Highly Accurate And Professional 1 Entry And 1 Exit Future, Option, Commodity, Currency And Intraday Stock Tips On Whatsapp With Live Support And Follow Up.
0 comments:
Post a Comment